Chauncey Billups and the Detroit Pistons are set to reunite with a two-year, $5 million contract.
Billups, 36, played 42 games last season with the Los Angeles Clippers and only 15 games in 2011-12 because of an Achilles injury. Billups played in Detroit from 2002-2009, winning the NBA title with the Pistons in 2004 with Billups earning Finals MVP honors.
The second year of the new deal is a team option.
The Pistons will look to Billups as a mentor and leader, especially for rising point guard Brandon Knight, rookie Kentavious Caldwell Pope and Rodney Stuckey.
Billups has designs on becoming a front-office executive and will be in a potentially awkward role, having been traded out of town for Allen Iverson by GM Joe Dumars at one time. Dumars envisioned Stuckey as the heir apparent to Billups.